Best Altcoin Picks for Potential 5-50x Gains in 2024
Renowned analyst Mikybull Crypto has identified several altcoins that he believes have the potential for substantial growth in 2024. He predicts that we are currently in the early stages of an Altseason, where significant gains can be made.
Mikybull highlights the historical pattern in the crypto market, which typically starts with Bitcoin, then moves to Ethereum, and finally extends to altcoins. Building on this analysis, he has pinpointed specific altcoins that he believes will experience significant growth in the coming months, with returns ranging from 5x to 50x.
One of Mikybull’s top picks is NFP, an AI-powered NFT platform backed by industry giant Binance. With recent collaborations and the launch of Sora by OpenAI, NFP is positioned for substantial growth. Mikybull suggests a strategic buying range of $0.83 to $0.7, which could potentially yield returns of 10x to 50x.
Another altcoin that caught Mikybull’s attention is JUP, the decentralized exchange token on Solana. Drawing parallels with the success of Raydium in the last cycle, Mikybull sees potential for JUP to excel in Dex token performance on Solana. He recommends a strategic entry between $0.5 to $0.4, anticipating a potential 10x return.
Balance AI ($wBAI) is an innovative decentralized blockchain reshaping the AI agents marketplace. With strong fundamentals, Mikybull sees it as an attractive option. For $wBAI, he suggests a strategic entry between $8 to $7, envisioning a significant 10x to 50x return on investment.
DYDX, a prominent decentralized exchange token, is also on Mikybull’s radar. With upcoming developments and the Ethereum upgrade, its appeal is set to reignite. Mikybull recommends a strategic entry between $3 to $2 for a potential 5x to 10x return.
SKL aims to bring scalability to Ethereum while focusing on zero gas fees and instant finality in AI applications. With a market cap of $528 million, SKL presents an intriguing prospect for investors. Mikybull advises entering the market at $0.1 to $0.08 for a potential 10x to 50x return.
ROOT Network is a modular development toolkit prioritizing scalable, secure, and interconnected experiences. Mikybull suggests its potential for a 50x to 100x surge. With a current market cap of $74 million, the suggested buying range for ROOT Network is $0.07 to $0.062.
Aleph introduces decentralized data storage as an alternative to centralized services like Google Cloud. Mikybull projects a potential 10x to 20x return for Aleph, with a market cap of $85 million. The recommended entry point is between $0.34 to $0.31.
In addition to these altcoins, Mikybull Crypto hints at the rise of meme coins. These are cryptocurrencies that gain popularity through social media and internet culture. Mikybull specifically mentions $PEPE, Shiba, and $FLOKI as meme coins to watch for potential growth. If you’re looking for the next big thing in the crypto space, these meme coins could be strong contenders.